28 April 2024
Pricewatch | 18 Aug 2020 | Gas Matters Today
Publication date: 18 August 2020
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
The month-ahead UK wholesale price of natural gas nosed above the indicative Asian LNG spot price yesterday. Front-month UK NBP gained 2.1% to close at the equivalent of USD 2.95/MMBtu, while CME’s JKM futures were unchanged at USD 2.90/MMBtu. Dutch TTF could surpass JKM too, after it yesterday rose 2% to USD 2.85/MMBtu. US gas benchmark Henry Hub fell 0.7% to USD 2.34/MMBtu.
Brent crude rebounded back above USD 45/barrel yesterday after gaining 1.3% in the session, while US crude benchmark WTI rose 2.1% to USD 42.89/barrel.
The European carbon price also built on Friday’s gains, as the month-ahead futures contract for ETS carbon allowances (EUAs) rose 3.3% to close at EUR 26.26/tonne.
Front-month futures and indexes at last close with day-on-day changes (click to enlarge):
Time references based on London GMT. Brent, WTI, NBP, TTF and EU CO2 data from ICE. Henry Hub, JKM and API2 data from CME. Prices in USD/MMBtu based on exchange rates at last market close. All monetary values rounded to nearest whole cent/penny. Text and graphic copyright © Gas Strategies, all rights reserved.